Regulation 12 — Eligibility of designated partners
Regulation text
Subject to section 10 of the Act, a person shall not be capable of being appointed as a designated partner of LLP, if he-
(a) is a minor;
(b) is of unsound mind;
(c) is an undischarged insolvent;
(d) has applied to be adjudicated as an insolvent and his application is pending;
(e) any other disability or disqualification that renders him incapable to perform as designated partner.